Global X MLP ETF (NYSEARCA:MLPA) Sees Significant Growth in Short Interest

Global X MLP ETF (NYSEARCA:MLPA) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 218,818 shares, a growth of 94.5% from the February 12th total of 112,511 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 257,911 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 257,911 shares, the short-interest ratio is presently 0.8 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Foundations Investment Advisors LLC boosted its position in shares of Global X MLP ETF by 4,705.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 254,505 shares of the company’s stock valued at $12,321,000 after purchasing an additional 249,209 shares in the last quarter. Greenspring Advisors LLC lifted its position in Global X MLP ETF by 5,502.2% during the fourth quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock valued at $11,466,000 after buying an additional 232,631 shares during the period. Quadrature Capital Ltd lifted its position in Global X MLP ETF by 2,831.8% during the fourth quarter. Quadrature Capital Ltd now owns 160,544 shares of the company’s stock valued at $7,772,000 after buying an additional 155,068 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Global X MLP ETF by 29,373.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock valued at $6,578,000 after buying an additional 135,413 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in shares of Global X MLP ETF by 562.5% during the 4th quarter. Focus Partners Wealth now owns 148,850 shares of the company’s stock valued at $7,230,000 after buying an additional 126,382 shares in the last quarter.

Global X MLP ETF Stock Performance

Shares of NYSEARCA MLPA traded up $0.32 during midday trading on Friday, hitting $53.73. 221,022 shares of the company traded hands, compared to its average volume of 278,247. Global X MLP ETF has a 12-month low of $45.09 and a 12-month high of $54.61. The firm has a market cap of $2.11 billion, a P/E ratio of 14.42 and a beta of 0.64. The stock has a 50-day moving average price of $51.88 and a 200 day moving average price of $49.68.

Global X MLP ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Monday, February 9th. This is a positive change from Global X MLP ETF’s previous quarterly dividend of $0.98.

Global X MLP ETF Company Profile

The Global X MLP ETF (MLPA) is an exchange-traded fund that is based on the Solactive MLP Infrastructure index, a market-cap-weighted index of US-listed midstream MLPs, and is structured as a C-corporation. MLPA was launched on Apr 18, 2012 and is managed by Global X.